Bitcoin price slips below $77K – Why post-election BTC crash fears persist
Bitcoin faces mounting crash fears as the Democratic sweep, weak spot demand, and falling BTC dominance weigh on market sentiment.
Crypto liquidations reached $974.80 million in 24 hours as the market climbed. Most of the losses fell on traders who had bet on further declines, Coinglass data shows. Bitcoin’s (BTC) price rose 4.64% over 24 hours to $80,480, according to BeInCrypto Markets.
Bitcoin Magazine American Bitcoin (ABTC) Posts $126 Million Profit as Holdings Gain $197 Million American Bitcoin swung to about $126 million in third-quarter net income after a $197.3 million gain on its bitcoin holdings, reversing a $57.2 million loss in the prior quarter.
November 5, 2026, 1:44 amBitcoin could see a relief rally as U.S. midterm election uncertainty clears, with a Democratic sweep largely priced in, an analyst said. He warned that slower crypto reform could weigh more heavily on companies awaiting regulatory permissions.
November 5, 2026, 12:30 amBitcoin faces mounting crash fears as the Democratic sweep, weak spot demand, and falling BTC dominance weigh on market sentiment.
Customers will initially be able to view their holdings, while withdrawals and trading remain suspended pending security checks.
“Rich Dad, Poor Dad” author Robert Kiyosaki says he cannot wait for the next crash in gold, silver, and Bitcoin. He plans to buy more when it comes. His reasoning centers on soaring global debt and what he calls the failure of fiat money.
The recent $6.3 billion Binance hack and subsequent cryptocurrency market downturn largely eclipsed Drivechain creator Paul Sztorc’s ECX launch on Oct. 29, 2026.
Bitcoin Magazine Bitcoin Price Holds Near $80,000 as Democratic Sweep Sparks Short Squeeze Bitcoin price holds near $80,000 after rebounding from an election-night low of $75,600, as a short squeeze, a stock rally and a 9% drop in oil follow the Democratic sweep of Congress.
Bitcoin rose 3.5% to $80,500 and ether jumped 6% after Democrats won Congress, while Bitwise says the Binance hack had limited market impact.
Bitcoin mining companies Riot Platforms and Hut 8 disclosed substantial bitcoin sales in their respective third-quarter earnings reports on Wednesday, with Riot liquidating more than 10,000 BTC during the quarter to finance its data center expansion and Hut 8 selling cryptocurrency to fund share repurchases.
Bitcoin surged more than 5% from its election-night low to reclaim $80,000 for the first time since Binance's record hack. The cryptocurrency extended its recovery from approximately $75,600 on Wednesday, shaking off concerns that Democrats' takeover of Congress would undermine President Donald Trump's crypto-friendly agenda.
Riot sold 79% of its Bitcoin to build Texas AI data centers.